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Rating: ★ ★ ★ ☆ ☆

NAV

101.27
+ 0.0623

RETURNS

5.79 %

Fund Type

Open Ended

Investment Plan

Dividend Payout

Expense Ratio

0.58 %

Benchmark

CRISIL Ultra Short Term Debt PR INR

Asset Size

6018.18 Cr.

(As of 30 Apr, 2019)

Risk

Moderate

Objective

To generate income through investing predominantly in floating rate instruments while maintaining the optimum balance of yield, safety and liquidity. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Fund manager

Rahul Goswami

(since 27 Sep, 2012)

Exit load

N / A

Minimum sip

₹ 100

minimum investment

₹ 500

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

Bahadur Chand Investments Private Limited

7.46 %

Indiabulls Housing Finance Limited

3.99 %

Bharti Airtel Limited

3.95 %

Talwandi Sabo Power Limited

3.4 %

Sector Allocation

About the Scheme Type

Floater Fund

Similar to how funds invest in stocks and bonds, Fund of Funds are mutual fund schemes which invest in other mutual fund schemes. The fund manager can invest in the fund schemes of same mutual fund house or different mutual fund houses. It’s particularly good for smaller risk averse investors with the capacity of putting in small amounts every month as the fund’s diversification reduces the risk to a certain extent. Few advantages of Fund of Funds include Tax friendly, ease of handling as there’s just one NAV and folio to track, small investor friendly, while the disadvantages come in the form of high expense ratio and possibility of more than required diversification.

Ratings

This fund is rated 3 stars by Morning Star Ratings.

★ ★ ★ ☆ ☆

Overview of ICICI Prudential Asset Management Company Limited

ICICI Prudential Asset Management Company Ltd. is a leading
Indian asset management company (AMC) focused on bridging
the gap between savings & investments and creating long term
wealth for investors, through a range of simple and relevant
investment solutions. The AMC is a joint venture between ICICI
Bank, a well-known and trusted name in financial services in India
and Prudential Plc, one of UK’s largest players in the financial
services sectors. Throughout these years of the joint venture, the
company has forged a position of pre-eminence in the Indian
Mutual Fund industry. The AMC also caters to Portfolio
Management Services for investors, spread across the country,
along with International Advisory Mandates for clients across
international markets in asset classes like Debt, Equity and Real
Estate.

The ICICI Mutual Fund House has continuously aimed to provide
investors with financial solutions to aid them in achieving their
lifecycle objectives. It has constantly been on the forefront of
innovation and has introduced various products aligned to meet
customer needs, leading to a well-diversified portfolio of around 68
ICICI mutual fund schemes, across equity, debt, hybrid, solution
oriented and others. The success of the various endeavours is
evident in the mutual fund investor base which has witnessed
tremendous growth over the years. Driven by an entirely investor
centric approach, the organization today is a suitable mix of
investment expertise, resource bandwidth and process orientation.
ICICI Mutual Fund house endeavours to simplify its investor’s
journey to meet their financial goals, and give a good investor
experience through innovation, consistency and sustained risk
adjusted performance. As of March 31, 2019, the investor base for
the AMC stood at 4 million investors.

ICICI Prudential Mutual Fund offers a wide range of retail and
corporate investment solutions across various asset classes -
Equity, Debt, Hybrid, Solution Oriented and Others. ICICI
Prudential Mutual Fund gained investor trust by managing funds
as per its investment objectives and has been able to deliver
superior risk adjusted returns. The consistent long term
performance was achieved on the strength of fundamentals,
process driven investment approach with enough flexibility for the
fund managers to manage their funds in their respective unique
style and insight. ICICI Mutual fund house, over the last 20 years,
has emerged as a leading investment solution provider in India
and has always aimed to fulfil its fiduciary responsibility of
managing investor's wealth with prudence and due diligence.